NORDIC AMERICAN TANKERS LTD (NAT) Stock Fundamental Analysis
USA - NYSE:NAT - BMG657731060 - Common Stock
3.325 USD
+0.1 (+2.94%)
Overall NAT gets a fundamental rating of 4 out of 10. We evaluated NAT against 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of NAT get a neutral evaluation. Nothing too spectacular is happening here. NAT is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year NAT has reported negative net income.
In the past year NAT had a positive cash flow from operations.
NAT had positive earnings in 4 of the past 5 years.
NAT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a Return On Assets value of 4.18%, NAT perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
The Return On Equity of NAT (7.24%) is comparable to the rest of the industry.
The Return On Invested Capital of NAT (5.71%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for NAT is significantly below the industry average of 21.71%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROIC | 5.71% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 11.07%, NAT is in line with its industry, outperforming 59.05% of the companies in the same industry.
NAT's Operating Margin of 16.91% is in line compared to the rest of the industry. NAT outperforms 49.52% of its industry peers.
NAT's Operating Margin has improved in the last couple of years.
The Gross Margin of NAT (42.39%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of NAT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% |
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NAT is destroying value.
NAT has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, NAT has more shares outstanding
Compared to 1 year ago, NAT has an improved debt to assets ratio.
2.2 Solvency
NAT has a debt to FCF ratio of 3.93. This is a good value and a sign of high solvency as NAT would need 3.93 years to pay back of all of its debts.
NAT's Debt to FCF ratio of 3.93 is fine compared to the rest of the industry. NAT outperforms 72.38% of its industry peers.
A Debt/Equity ratio of 0.53 indicates that NAT is somewhat dependend on debt financing.
NAT has a Debt to Equity ratio (0.53) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Altman-Z | N/A |
ROIC/WACC0.6
WACC9.53%
2.3 Liquidity
NAT has a Current Ratio of 1.54. This is a normal value and indicates that NAT is financially healthy and should not expect problems in meeting its short term obligations.
NAT has a Current ratio of 1.54. This is in the better half of the industry: NAT outperforms 68.57% of its industry peers.
A Quick Ratio of 1.34 indicates that NAT should not have too much problems paying its short term obligations.
The Quick ratio of NAT (1.34) is better than 68.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 |
3. Growth
3.1 Past
NAT shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -103.45%.
NAT shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -17.14%.
The Revenue has been growing slightly by 1.97% on average over the past years.
EPS 1Y (TTM)-103.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
Revenue 1Y (TTM)-17.14%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-39.25%
3.2 Future
Based on estimates for the next years, NAT will show a small growth in Earnings Per Share. The EPS will grow by 6.08% on average per year.
The Revenue is expected to grow by 4.61% on average over the next years.
EPS Next Y26.82%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue Next Year-12.18%
Revenue Next 2Y9.82%
Revenue Next 3Y4.61%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for NAT. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 9.66, the valuation of NAT can be described as reasonable.
Based on the Price/Forward Earnings ratio, NAT is valued a bit cheaper than 74.76% of the companies in the same industry.
NAT's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.66 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of NAT is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, NAT is valued cheaper than 83.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.13 | ||
| EV/EBITDA | 8.26 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.07%
EPS Next 3Y6.08%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.18%, NAT is a good candidate for dividend investing.
NAT's Dividend Yield is rather good when compared to the industry average which is at 6.00. NAT pays more dividend than 83.33% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, NAT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.18% |
5.2 History
On average, the dividend of NAT grows each year by 33.35%, which is quite nice.
NAT has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)33.35%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
264.15% of the earnings are spent on dividend by NAT. This is not a sustainable payout ratio.
NAT's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP264.15%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
NYSE:NAT (9/23/2025, 9:52:04 AM)
3.325
+0.1 (+2.94%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners40.48%
Inst Owner Change-1.34%
Ins Owners4.34%
Ins Owner ChangeN/A
Market Cap704.07M
Analysts76
Price Target3.54 (6.47%)
Short Float %6.87%
Short Ratio7.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.18% |
Yearly Dividend0.42
Dividend Growth(5Y)33.35%
DP264.15%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-121.2%
Min EPS beat(2)-170.15%
Max EPS beat(2)-72.24%
EPS beat(4)1
Avg EPS beat(4)-60.46%
Min EPS beat(4)-170.15%
Max EPS beat(4)1.55%
EPS beat(8)1
Avg EPS beat(8)-41.46%
EPS beat(12)3
Avg EPS beat(12)-26.13%
EPS beat(16)3
Avg EPS beat(16)-22.56%
Revenue beat(2)0
Avg Revenue beat(2)-20.6%
Min Revenue beat(2)-30.58%
Max Revenue beat(2)-10.61%
Revenue beat(4)1
Avg Revenue beat(4)-10.27%
Min Revenue beat(4)-30.58%
Max Revenue beat(4)1.11%
Revenue beat(8)3
Avg Revenue beat(8)-9.54%
Revenue beat(12)5
Avg Revenue beat(12)9.91%
Revenue beat(16)6
Avg Revenue beat(16)20.65%
PT rev (1m)-0.71%
PT rev (3m)-14.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)1.19%
Revenue NQ rev (1m)-8.96%
Revenue NQ rev (3m)-8.96%
Revenue NY rev (1m)-22.91%
Revenue NY rev (3m)-22.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 9.66 | ||
| P/S | 2.15 | ||
| P/FCF | 8.13 | ||
| P/OCF | 7.88 | ||
| P/B | 1.41 | ||
| P/tB | 1.41 | ||
| EV/EBITDA | 8.26 |
EPS(TTM)-0.01
EYN/A
EPS(NY)0.34
Fwd EY10.35%
FCF(TTM)0.41
FCFY12.3%
OCF(TTM)0.42
OCFY12.68%
SpS1.54
BVpS2.36
TBVpS2.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.18% | ||
| ROE | 7.24% | ||
| ROCE | 7.22% | ||
| ROIC | 5.71% | ||
| ROICexc | 6.6% | ||
| ROICexgc | 6.6% | ||
| OM | 16.91% | ||
| PM (TTM) | 11.07% | ||
| GM | 42.39% | ||
| FCFM | 26.47% |
ROA(3y)6.22%
ROA(5y)0.73%
ROE(3y)10.1%
ROE(5y)0.85%
ROIC(3y)8.03%
ROIC(5y)N/A
ROICexc(3y)8.44%
ROICexc(5y)N/A
ROICexgc(3y)8.44%
ROICexgc(5y)N/A
ROCE(3y)10.17%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y25.4%
ROICexc growth 3YN/A
ROICexc growth 5Y25.4%
OM growth 3YN/A
OM growth 5Y16.99%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y6.11%
F-Score4
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 3.93 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 4.83% | ||
| Cap/Sales | 0.83% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.12% | ||
| Profit Quality | 239.04% | ||
| Current Ratio | 1.54 | ||
| Quick Ratio | 1.34 | ||
| Altman-Z | N/A |
F-Score4
WACC9.53%
ROIC/WACC0.6
Cap/Depr(3y)52.71%
Cap/Depr(5y)35.03%
Cap/Sales(3y)7.02%
Cap/Sales(5y)5.08%
Profit Quality(3y)153.87%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-103.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-140%
EPS Next Y26.82%
EPS Next 2Y25.07%
EPS Next 3Y6.08%
EPS Next 5YN/A
Revenue 1Y (TTM)-17.14%
Revenue growth 3Y22.32%
Revenue growth 5Y1.97%
Sales Q2Q%-39.25%
Revenue Next Year-12.18%
Revenue Next 2Y9.82%
Revenue Next 3Y4.61%
Revenue Next 5YN/A
EBIT growth 1Y-42.47%
EBIT growth 3YN/A
EBIT growth 5Y19.29%
EBIT Next Year67.93%
EBIT Next 3Y19.12%
EBIT Next 5YN/A
FCF growth 1Y10.18%
FCF growth 3YN/A
FCF growth 5Y27.27%
OCF growth 1Y6.57%
OCF growth 3YN/A
OCF growth 5Y26.16%